Housing Wire

JUNE 13, 2023

A decline of the index, benchmarked to 100 in March 2012, indicates that lending standards are tightening while an increase suggests loosening credit. While the Conventional MCAI, which does not include loans backed by the government, decreased 2.3%, the Government MCAI, which examines FHA, VA, and USDA loan programs, fell by 3.8%.

Mortgage 347

Mortgage Government Lending Contracts 347

Housing Wire

JANUARY 17, 2024

He left for Freddie Mac in 1995, where he was senior vice president of single family lending and led product development, credit risk and contract negotiations for all single family businesses. He left government service and became president of the Mortgage Bankers Association.

Finance 468

Finance Loan Officers Real Estate Development 468

Housing Wire

FEBRUARY 9, 2021

The index plunged from record highs seen in late 2019 after the COVID-19 pandemic caused the worst economic contraction since the Great Depression. while the Jumbo MCAI measuring high-balance loans rose 2.2%, and the Conventional MCAI that measures loans not backed by the government rose 4.8%. Department of Agriculture fell by.1%,

Mortgage 541

Mortgage Lending Government Contracts 541

Housing Wire

SEPTEMBER 11, 2020

The index plunged from record highs seen in late 2019 after the COVID-19 pandemic caused the worst economic contraction since the Great Depression. The drop in the availability of credit was “driven by a reduction in supply from both conventional and government segments of the market,” said Joel Kan, an MBA associate vice president.

Mortgage 545

Mortgage Government Contracts Lending 545

Housing Wire

APRIL 18, 2023

Given that HELOC organizations are more streamlined than closed-end lending, there is greater importance for the adoption of electronic closing documents, MISMO said last week, calling for participants to join a new development workgroup (DWG). The volume of HELOC loans declined by 17% to $60.1 Overall, HELOCS accounted for 20.7%

Lending 281

Lending Renovations Real Estate Finance 281

Appraiserblogs

JANUARY 8, 2024

The seeming destruction of the appraisal profession by the federal government, GSEs and lending stakeholders is a collective action problem. Appraisers are responding to new GSE and lending dictates with reactions based on our own personal well-being. It is appraisers who are destroying the message.

Appraisal 136

Appraisal Valuation Lending Contracts 136

Housing Wire

JULY 19, 2022

Michael Loftin, CEO of Homewise , whose work revolves around sustainable homeownership, suggested HUD take a cue from the government-sponsored enterprises. Freddie Mac and Fannie Mae give [lenders] a little bump on their origination fee to encourage small-dollar lending,” said Loftin.

Mortgage 380

Mortgage Finance Lending Development 380

Housing Wire

MARCH 9, 2021

The index plunged from record highs seen in late 2019 after the COVID-19 pandemic resulted in the worst economic contraction since the Great Depression. 2%, and the Conventional MCAI that measures loans not backed by the government fell.3%. 7% while the Jumbo MCAI measuring high-balance loans rose.2%, Department of Agriculture rose.3%,

Mortgage 479

Mortgage Government Buyers Contracts 479

Housing Wire

FEBRUARY 16, 2024

The DOJ also noted that this type of conditional offer is permitted under federal government lending programs, thus requiring no changes to lending regulations. Originally filed in 2020 in U.S.

Sellers 431

Sellers Buyers Real Estate Contracts 431

Housing Wire

SEPTEMBER 20, 2021

Appraisals in Black and Latino neighborhoods are more likely to fall short of the contracted sale price, a Freddie Mac study of 12 million appraisals found. The research examined appraisals for home purchases the government sponsored enterprise received from 2015 through the end of 2020. That hypothesis, too, led to a dead end.

Appraisal 449

Appraisal Contracts Valuation Government 449

Housing Wire

JANUARY 26, 2022

The trade group estimates that the average contract 30-year fixed-rate mortgage for conforming loans ($647,200 or less) increased from 3.64% to 3.72%. The keys to lending in a post-refi boom world. The relative weakness in government purchase activity continues to contribute to higher loan sizes. Presented by: CIVIC Financial.

Mortgage 359

Mortgage Government Contracts Lending 359

Housing Wire

JULY 19, 2023

Go Mortgage sued its former director of capital markets for “corporate sabotage,” alleging computer fraud, violation of trade secrets, breach of contract and tortious interference with a business relationship. The lender claims actions by Katie Chikonde cost the lender millions of dollars.

Mortgage 350

Mortgage Marketing Retail Construction 350

Housing Wire

MARCH 27, 2023

Fannie Mae has projected that the recent bank failures may act as the catalyst that tips an already precarious economy into a recession — primarily due to the combination of tighter lending standards by small- and mid-sized regional banks. contraction. Fannie Mae raised its first quarter GDP forecast to grow 0.9%

Construction 348

Construction Lending Finance Mortgage 348

Housing Wire

DECEMBER 21, 2023

The VA makes a guarantee to the lending institution for 25% of the loan amount and the lender is responsible for evaluating the eligibility of the borrower. REALITY: The appraisal process is similar to conventional and other government-sponsored loans. David Smith is the VP of National VA Lending at loanDepot.

Mortgage 438

Mortgage Renovations Appraisal Process Finance 438

Housing Wire

JANUARY 27, 2022

Also, the bank failed to audit the software for compliance with government requirements, allowing life-changing error to remain uncorrected for years. One caveat: the government provided a free tool for the bank, but Wells Fargo decided to use its own software, according to the lawsuit.

Mortgage 410

Mortgage Government Contracts Tools 410

Housing Wire

NOVEMBER 23, 2020

Economists at JPMorgan Chase last week said they expect the economy to contract even further in the first quarter of the year due to an uptick in coronavirus infections. On the bright side, the systemic housing-related issues she faced as a member of the Federal Reserve Board aren’t of great concern these days.

Lending 527

Lending Contracts Government Finance 527

Housing Wire

MAY 31, 2022

Led by Irma DeLoen, Geneva Financial’s Chicago branch will offer products including conventional and government loans, such as loans from the Federal Housing Administration (FHA), Veterans Affairs and U.S. Planet Home Lending delivers home loans backed by Fannie Mae , Freddie Mac , VA, FHA and USDA in 47 states, Washington, D.C.

Mortgage 384

Mortgage Construction Lending Real Estate 384

Housing Wire

JANUARY 12, 2024

billion in home loans, representing only 23% of the $108 billion volume in the previous year, when it was still the kingfish in correspondent lending. Home lending revenues declined to $3.3 Home lending revenues declined to $3.3 Amid the contraction at Wells Fargo, JPMorgan became bigger than its rival in the mortgage space.

Mortgage 384

Mortgage Lending Retail Business 384

Housing Wire

MAY 3, 2022

The venture capital investment is in addition to $1 billion in separate capital commitments from investors that Point has lined up to help fund what it calls home-equity investment (HEI) contracts. “We Homeowners, in turn, get to cash out a slice of their home equity with no payments due until the contract matures.

Contracts 409

Contracts Investors Investing Market Value 409

Housing Wire

NOVEMBER 17, 2020

Pending contracts are up strongly, implying that this winter may be one of the best winters for home sales activity,” Yun said. “I And by winter to winter comparison, this year could be one of the best based on the breakout of the pending contracts at a much higher level.”.

Housing Market 525

Housing Market Marketing Realtors Inventory 525

Housing Wire

FEBRUARY 7, 2023

It essentially allows qualified buyers with a government loan to purchase a home by assuming responsibility for the sellers’ mortgage terms, including the current balance and interest rate. By the Mortgage Bankers Association ’s estimate, it takes on average about $2,500 to process, underwrite and close a government loan.

Mortgage 372

Mortgage Loan Officers Government Buyers 372

Housing Wire

MAY 13, 2022

Today we are seeing a more governed and purpose-oriented approach to networks of blockchains. Today, established actors in settlement services are collaborating on the same ledger with the same form of smart contract to eliminate transaction overheads. Distributed Ledger Technologies are the Backbone of Blockchains.

Contracts 341

Contracts Technology Architecture Government 341

Housing Wire

AUGUST 7, 2023

Real estate still relies on a “system” unable to integrate production across the silos of media, brokerage, lending, insurance and trading. The result is higher costs, lower productivity, unmeasured quality, and systemic exposure as government monopolies take most of the risk and make most of the money.

Real Estate 335

Real Estate Supply Chain Architecture Brokerage 335

Housing Wire

DECEMBER 31, 2021

Few in mid-March could have predicted that a perfect storm of ultra-low interest rates, new migration patterns and historic government intervention wouldn’t just save them, but line their pockets with billions of dollars and change their entire trajectory. But many of those elements are fading as the industry heads into 2022.

Marketing 427

Marketing Law Government Mortgage 427

Housing Wire

APRIL 3, 2023

Federal Reserve lending to banks through its discount window and the new Bank Term Lending Program created in the wake of SVB ’s failure stood at a combined $152.6 we expect that stress on smaller banks could result in a tightening of lending standards ,” the research report says. No, it’s not.” In the U.S,

Lending 335

Lending Mortgage Business Contracts 335

Housing Wire

JULY 8, 2022

Until recently, mortgage lenders’ obligations to LEP borrowers were primarily governed at the federal level by The Equal Opportunity Act (ECOA) and the Unfair, Deceptive and Abusive Acts and Practices (UDAP) provisions of the Dodd-Frank Act. The translation must include every term and condition of the contract or agreement.

Law 383

Law Advertising Contracts Government 383

Realtor

NOVEMBER 1, 2023

Getting under contract Signing a contract to purchase a home comes next. VA appraisal Once a veteran is under contract, their lending team will order an appraisal, which is conducted by an independent VA appraiser. of Veterans Affairs or any government agency; does not reflect DOD endorsements.

Real Estate Agent 127

Real Estate Agent Contracts Finance Real Estate 127

Housing Wire

APRIL 19, 2021

In this testimony, which also was published by the CATO institute , he called for the GSEs to be put into receivership, to pay employees on the government salary plan and to increase capital to bank standards. In fact in his testimony from 2011 , Calabria explicitly called for much of what he has done to date. But where is the private sector?

Mortgage 504

Mortgage Government Investors Business 504

Housing Wire

JUNE 14, 2022

Starting in 2023, Freddie Mac said it will look at expanding the use of its automated collateral evaluation for mortgages with loan to value ratios greater than 80% through a targeted lending program. According to Freddie Mac’s equitable housing finance plan, it could be the expansion of automated valuation models.

Appraisal 305

Appraisal Valuation Inspection Law 305

Housing Wire

SEPTEMBER 7, 2023

For most real estate agents, working with a reliable lending partner is essential to a smooth and successful transaction. Finding reliable lending partners takes time and some trial and error, but once established is often the lifeblood of LOs. Bank Home Mortgage and Planet Home Lending declined to comment.

Buyers 385

Buyers Agents Loan Officers Real Estate 385

Housing Wire

DECEMBER 13, 2023

Bank contraction In addition to the reduced role of the Fed in the MBS market, the banking industry and other investors also have pulled back from MBS purchases in the wake of financial pressures sparked by rising rates — as well as plans by regulators to tighten bank capital-reserve rules.

Mortgage 345

Mortgage Marketing Investors Lending 345

Housing Wire

JANUARY 11, 2024

On the right tech mindset: Adam Carmel, Polly CEO : “When I was in lending, I think I always overestimated the impact technology or software, or more importantly, a switch in technology, would have on our business in the first six months or a year, and the difficulty in transitioning. .” But it’s weird.

Technology 397

Technology Contracts Business Appraisal 397

Housing Wire

DECEMBER 7, 2020

2) Tighten lending standards, so there are fewer buyers that qualify for the existing inventory. I propose that the federal government allocate funds via significant deficit financing to any state that wants to build homes right away. Since this is on the government tab, the builders won’t care so much about profit margins being met.

Inventory 544

Inventory Construction Government Housing Market 544

Housing Wire

MAY 5, 2022

The days of 45-60 day processing times in mortgage lending will simply not satisfy, nor survive. Non-QM loan products, and government assistance for first-time home buying will be more prevalent in the coming months and years. According to Edison Research , 38% of 18-34 year-olds take on these roles, the highest of any age group.

Mortgage 356

Mortgage Buyers Technology Lending 356

Housing Wire

APRIL 7, 2021

“I think the math speaks for itself how well the forbearance program has worked, and it’s one of the few times in my career that I have seen a government-initiated program adopted as well and executed as well by the industry as this one,” said Rick Sharga, executive vice president of RealtyTrac.

Investors 376

Investors Legal Contracts Government 376

Housing Wire

JUNE 21, 2022

It plays an essential role in the economics of homeownership, ensuring that credit reaches those who need it and providing safeguards to those who lend it. In fact, our industry is so important that throughout the COVID-19 pandemic, title insurance professionals were deemed essential by the federal government.

Insurance 512

Insurance Easement Real Estate Investing 512

Housing Wire

JUNE 9, 2022

That is typically accomplished through whole loan sales or private label securitizations along with hedging — such as the use of third-party forward contracts that allow for bulk loan sales at a future date at a predetermined rate. Yoon added that the new app also will “be built on the backside as blockchain-capable.”

Marketing 365

Marketing Contracts Technology Mortgage 365